Trio Petroleum (TPET) CEO sells 25,000 shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trio Petroleum Corp Chief Executive Officer Robin A. Ross reported selling 25,000 shares of common stock on March 11, 2026. A footnote explains the sale’s purpose was to cover taxes related to restricted stock issued to him in 2025. After this transaction, he directly holds 687,500 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
1 transaction reported
Net Sell
1 txn
Insider
Ross Robin A.
Role
Chief Executive Officer
Sold
25,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 687,500 shares (Direct)
Footnotes (1)
- The purpose of the sale is to cover taxes with respect to the issuance of restricted stock to Mr. Ross in 2025. Based upon shares sold at an average of $1.5109. The full breakdown of the prices for all shares sold will be provided at the request of the SEC.
FAQ
What insider transaction did Trio Petroleum (TPET) report for its CEO?
Trio Petroleum reported that CEO Robin A. Ross sold 25,000 shares of common stock. The transaction occurred on March 11, 2026, and was reported as a sale in the open market or a private transaction, according to the Form 4 filing details.
Was the Trio Petroleum (TPET) CEO’s transaction an open-market sale?
Yes. The transaction is coded “S” on the Form 4, described as a sale in the open market or a private transaction. Although tax-motivated, it is still recorded as an open-market type sale under SEC transaction coding rules.
Did the Trio Petroleum (TPET) Form 4 show any option or derivative exercises?
No. The filing’s derivative transaction summary shows zero derivative transactions and no remaining derivative positions. The reported activity involves only non-derivative common stock, with no option exercises or conversions indicated in this specific Form 4.